Looking at real GDP per capita ($US dollars), many advanced economies appear essentially flat for ~15–17 years, unlike the US:
- Australia: ~$62k (2011) → ~$64k (2024)
- UK: ~$50k (2007) → ~$53k (2024)
- Canada: ~$52k (2011) → ~$54k (2024)
- France: ~$45k (2008) → ~$46k (2024)
- Italy: ~$40k (2008) → ~$40k (2024)
This seems too broad to be country-specific mismanagement and too persistent to be just the GFC or COVID.
Is this a potential end to the modern growth and a return to the Malthusian era?
Why has real GDP per capita largely stagnated across developed countries (ex-US) since ~2007?
byu/Kitchen-Jicama8715 inAskEconomics
Posted by Kitchen-Jicama8715
1 Comment
This is mostly exchange rates. You should use PPP adjusted figures.
https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD